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20121127
20121127
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. thanks very much. >>> hundreds of thousands of homes torn apart by superstorm sandy. as people start to rebuild, are insurance companies trying to help? or are they just trying to help themselves? >>> the price tag for superstorm sandy is growing. officials in new york state and new jersey say they'll need more than $70 billion to recover. in some ways the property devastation was worse than hurricanes katrina and rita combined. in some ways. in new york state alone sandy destroyed more than 300,000 homes. that's a lot of homes that have to be rebuilt. and as cnn's national correspondent deborah feyerick discovered, it means a lot of homeowners are looking for answers. >> reporter: when superstorm sandy hit, peggy thought she was ready. she paid decades worth of insurance premiums to be covered for catastrophe. so this is the letter basically denying -- >> i went to the office and this is what they gave me. >> reporter: she says her claim was denied. her deluxe homeowners policy covered hurricane and wind, not floods. >> she said you're not entitled to anything. you don't have flood
of hurricane sandy keep adding up? man, they are huge now. now the question is who will pay for the storm? federal government or local taxpayers like well, us? liz macdonald here is more with emac's bottom line. do they know the final number? good to be with you guys. they don't know the final number. governor andrew cuomo is weighing in on this debate. cost for new york state, $41 million. 19 billion in new york city alone. what is being incurred to date by the state of new jersey. when all said and done could surpass the cost of hurricane katrina which stood $110 billion. when you look at the numbers, basically the power outages in the region from hurricane sandy are about two times more power outages versus what we saw in hurricane katrina. when it comes to the number of homes destroyed, 50% more homes destroid in hurricane sandy versus hurricane katrina cat. hurricane katrina claimed for lives. 1866 people were killed by hurricane katrina. versus 185 deaths from hurricane sandy. destruction and damage governor cuomo may have it right. as to who pays for it? ordinarily the u.s. governm
sandy. now we have learned the details as folks in some town get a look at the destruction after the super storm hit. according to new york governor andrew cuomo, sandy cost the state more than $40 billion. billions more than the previous estimates. and in new jersey, fema reports it's already paid out more than a quarter of a billion dollars to residents. many of those folks are in some of the hardest hit towns like point pleasant where four feet of sand covered the streets like a snow drift. as workers remove that sand, folks are finally getting a look at all the destruction beneath it rick leventhal with the news life in point pleasant tonight. how different is it a month later? >> not much, shepard. much of the ocean front is still a wreck. including the southern half of the board walk and most of the buildings here like the white sands hotel behind us. a storm surge racked the ocean front bar and restaurant bringing waves and sand dunes into that space. also swamping the ground floor rooms with with a couple of feet of water. almost everything along the coast hire was hit ha
campaign. he says there is more than a year's work to do in the aftermath of superstorm sandy and the people of new jersey need to know he's committed to sticking with it. 95% of new jersey voters think that christie did either an excellent or good job responding to the storm and get this, his approval rating is now at 72% that is the highest ever recorded for a new jersey governor. so far no one has come forward to challenge kristie for the governor ship, but the democratic most often mentioned to fill that spot is new york mayor corey booker. he said his plans are on hold for the moment in the aftermath of hurricane sandy. >> according to politico, he said we work to shore up medicaid and social security but now is not the time to throw those into the fiscal cliff negotiation. mitt said he is not going to accept things like privatizing medicare. we're back after the break. ♪ the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary
the federal government for $42 billion for recovery and rebuilding saying hurricane sandy was worse than katrina in some ways. the governor said while more people were killed by katrina, sandy had a bigger economic impact because of the dense population of the new york city area. cuomo has invited house speaker john boehner to come to new york to tour the damage. >>> a peanut processing plant linked to salmonella won't we open today as planned. the fda stopped operations at sunland incorporated after 41 people in 20 states were sickened by tainted peanut butter. yesterday, the fda suspended sunland's registration preventing the company from producing or distributing any food. >>> was the death of former palestinian leader yasser arafat murder? was he poisoned? he died suddenly of a stroke, supposedly, in 2004, but a swiss lab said this summer that it found traces of a radioactive substance on his clothing. >>> the u.s. soldier accused of giving state secrets to wikileaks will speak for the first time since his arrest in 2010. bradley manning will testify today at a pre-trial hearing. he
and fire crews in one of the towns hit pretty hard by sandy. in the immediate aftermath of the late october storm, christie publicly thanked president obama for visiting new jersey and helping speed up the relief efforts. >>> cyber monday 2012, it's on track to become the biggest online shopping day ever. consumers expected to spend $1.5 billion, up 20% from last year with the growing popularity of smartphones and other mobile devices as shopping tools. retailers have ramped up the deals on their websites during the holiday shopping season, a time when stores can make up to 40% of their annual revenue. greta? agreeing the election may be over, but the fight against obamacare is not. teed the supreme court orderingly an appeals court to consider liberty universities' objection to the healthcare law, arguing it violates their religious freedom. does the supreme court decision breathe new life into the healthcare battle? joining us rick klein, a.b. sad studdard, and john mccormick. rick, they're chipping away at this. >> keeps coming back. this is largely settled in the courts. pieces of obama
tone all be it conditioned by hurricane sandy. the timing of the cutoff is last monday. so it's unlikely to include any holiday shopping. >> thank you, guys. >> roll tide. >> thank you. >> i thought more people would be coming at us with the notre dame thing. >> where is mary thompson today? >> she is heading to miami for the big game. >>> a down day and it was pretty clear that the markets were watching for signals coming out of washington on the fiscal cliff. and they didn't like what they heard when senate majority leader said he was disappointed with the talks with the republicans to this point. >> we have time. the moment harry reid started speaking you can see the charts that it all falls at the exact moment when he said they thought there would be more progress with the republicans.
in sandyland, many people have been in the dark for days. some for weeks, after superstorm sandy. and some are now getting power bills that show normal usage. the long island power authority is assuring customers, don't worry, the next actual meter reading will reflect how much you've used, and they'll adjust your bill, and i'm telling you, there are some lipa customers right now who are outraged. after all they've been through. >> as well they should be. >> they are getting electricity bills reflecting normal usage, and for many of them it's been days, some of them it's been weeks with no power. and bring you up to speed on cyber monday. what's your best guess on what people were out there buying? >> i would have thought apple products? >> yeah. had to be electronics. >> a lot of question about electronics. monday sales up 28% from last year, according to the bench mark survey and the most searched-for items were amazon's kindle and kindle fire, uggs, ipads, the ipod touch, legos, and the wii. >> well, i like the legos. i mean, it's making a comeback. maybe children will actually do a thi
for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is abnormally large. of course you might argue the abnormal conditions warrant that. never the the less, we'll also look at earnings from adt and green blount continmountain. the greek deal is done. athens will receive its much needed bailout cash. >> our common goal is that greece achieve a credible and sustainable reduction reaching lower than 110% of gdp in 2022. we will consider further measures if necessary to achi e achieve. >> one of the key points, silvia is back with us from brussels. good morning. and there are so many points. which are the most significant? >> well, we knew there was a sort of all
from the last one? we are about to find out. martha: that has become such an iconic image from sandy, the jersey shore roller coaster submerged by the storm that had been there for so many years will have to go there. was talk about leaving it there. the mayor of seaside heights says the amusement park heights will not be left as a momento. he said it was a possibility but he admits it, quote, wasn't the brightest comment in his opinion at this point. construction of a new boardwalk, brand-new shiny one will get underway in january. bill: we find the u.s. supreme court breathing new life into a major lawsuit against the president's healthcare plan. liberty university says the plan violates its religious freedom. it has an issue with that mandate as well. just this week the supreme court said this case should be heard at a lower level. the dean of liberty university school of law is here, good morning to you and thank you for your time. justice roberts says the mandate stands. how can you argue today that you can bring a fresh khal tony dungy that mandate? >> well, the fact that the s
public. in the wake of events such as hurricane sandy, i'm committed to ensuring congress does all that it can to support those brave men and women, mr. speaker. i am pleased that this legislation is supported by the emergency services coalition on medical preparedness which works to ensure that we protect the protectors. i ask unanimous consent to insert their record of support in the record. the speaker pro tempore: without objection. mr. bilirakis: thank you. with that i reserve the balance of my time. the speaker pro tempore: the gentleman's time is reserved. the gentleman from mississippi. mr. thompson: mr. speaker, i rise in support of h.r. 5997, the medical preparedness allowable use act and i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. thompson: thank you, mr. speaker. mr. speaker, although i support h.r. 5997, it is not without reservation and concern about the reduced funding this congress has allocated to important homeland security grant programs over the past few years. due to significantly diminished appropriation
, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also point out, si
Search Results 0 to 11 of about 12